I have a couple small IRAs (about $4500 total) that I want to close. I plan to make a Roth contribution also. For simplicity I was going to just take as a taxable distribution and separately make a contribution to the Roth for the full allowable amount. Is there any benefit to rolling them into the Roth instead? Seems like the taxes would be the same. Another question, with a rollover could I also contribute the full amount too and thus increase my Roth by more?

The advantage to doing the conversion is the answer you your second question. The conversion doesn't affect your ability to make a contribution. They're totally separate events. See Pub 590.

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.